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Fed Rate Hike 'Highly Unlikely,' Citi's Kate Moore Says
Bloomberg
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⚡ Quantum Brief
Citi’s Kate Moore asserts a Federal Reserve rate hike by October is "highly unlikely," countering market pricing that now assigns a 50% probability to such a move.
Moore, speaking on Bloomberg, emphasizes Citi has long argued markets overestimated 2026 rate cuts, but recent shifts have overcorrected toward hike expectations instead.
The firm’s stance remains unchanged: neither aggressive cuts nor hikes are justified, favoring a steady-rate approach amid mixed economic signals.
Market sentiment has swung from excessive optimism about cuts to unwarranted hike fears, reflecting volatility in interpreting Fed policy cues.
Moore’s comments highlight persistent disconnects between institutional forecasts and trader reactions to evolving macroeconomic data.
Summarize this article with:
Citi Wealth Chief Investment Officer Kate Moore discusses the recent market pricing that reflects a 50% chance of a Federal Reserve rate hike by October. Speaking on "Bloomberg Open Interest," Moore notes that Citi's consistent view over the past six months has been that the market was too optimistic about multiple rate cuts in 2026. However, recent shifts have swung expectations too far toward a potential rate increase rather than a cut. (Source: Bloomberg)
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Source: Bloomberg